Renewable energy projects are facing a direct impact from COVID-19 through decreased working patterns and business interruption. And the sector could also face rate hikes from their insurers and potential gaps in coverage depending on policy wordings.
Mounting pressure on governments and insurers to adopt more sustainable models is driving investment in renewables. But climate change coupled with an adjusting insurance market is making renewables projects more expensive to insure.
When looking to tap foreign markets, many re/insurers are faced with significant barriers to entry such as forced data localisation and caps on foreign investment. The American Property Casualty Insurance Association (APCIA) seeks to leverage the US trade agenda to mitigate these barriers, spotlighting Africa as a land of opportunity.
In the shipping industry, a cyber incident has the potential to reroute vessels and disrupt supply chains critical for world trade. But, there are hidden protection gaps associated with cyber risk which could be targeted by sophisticated hackers.
As the re/insurance world digests the implications of the merger between Aon and Willis Towers Watson, Intelligent Insurer examines the implications of the deal for the market and asks experts what the potential cost synergies might look like.
Cyber risk is a multifaceted peril that reaches into areas that insurance might miss. Intelligent Insurer investigates the gaps in cover that could prove costly if overlooked.
The launch of the Chartered Insurance Institute’s (CII) chartered title for managing general agents (MGAs) highlights an important step for firms keen to outwardly display their ethical commitments. Sector leaders say it could be a key development in attracting new talent into the industry.
The life and health reinsurance market has ‘more barriers to entry than P&C’ with just four players dominating 50% of business.
The ongoing spread of Covid-19 was a prominent theme at Munich Re’s balance sheet update in terms of the potential for event interruption and the impact on the life and health sector.
January 1 retro and European reinsurance purchasing tend to be a good indicator of what ILS market activity will look like for the rest of the year. If that trend continues, 2020 is set to be a busy year for ILS, perhaps even rivalling 2017, says Brad Livingston of Willis Re Securities.